Rishabh bought some T-shirts at 3 for ₹252, and sold them at 5 for ₹200. Find his gain or loss percentage
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. Loss 52.4%.
Rishabh bought 3 T-shirts at Rs. 252
Price of 1 T-shirt = 252/3 = Rs. 84
Cost price of 5 T-shirts = 84 × 5 = Rs. 420
He sold 5 T-shirts at Rs. 200
Loss = Cost price - Selling price = 420 - 200 = Rs. 220
Loss% = loss × 100/Cost price
= 220 × 100/420
= 52.4%
Hence Rishabh got a 52.4% loss